$23.5M in unfunded liabilities spark change in city's retirement plan

$23.5M in unfunded liabilities spark change in city's retirement plan | MLive.com

"...Councilman Michael Hylland pointed out the urgency needed to improve the situation. 

He referenced a graph on a digital presentation showing that the city's unfunded liability doubled from 2007 to 2015.

Hylland said that the city could go bankrupt if it didn't make necessary changes.

"That graph is scary," he said..."

MLive link:
http://www.mlive.com/news/muskegon/index.ssf/2016/11/235m_in_unfunded_liabilities_s.html?ath=6d91c3109128485d30770ecfcff50280#cmpid=nsltr_stryheadline

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